Category Archives: Economics

Wasteful products

A relative of mine recently remarked that consumer products involving less waste (that is, less plastic packaging and so on) usually cost more. The same is true when you compare electric cars to petrol cars, and I’m sure you can … Continue reading

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Demand curves are basically CDFs

As my loyal reader knows, I’ve been trying to learn some econ, as I find it quite fascinating and continuous with┬áseveral other interests. Anyway, last night I was on the phone to Jared, and mentioned a connection I’d noticed between a basic concept in microeconomics and one in statistics. I thought the connection was obvious, […]

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Gains from trade versus(?) subjective wellbeing

This year I’ve been learning basic economics. It’s a cool subject. One interesting concept is “gains from trade”. The idea is that a person probably only participates in a trade if they think they’d benefit from it. If two parties … Continue reading

Posted in Economics, Entropy, Inference | 3 Comments

Markets and Auckland Housing

Like many similar cities around the world, Auckland housing has become much more expensive very rapidly over the last few years. There are many reasons for this, and it is having various effects, positive for some (e.g., those whose houses … Continue reading

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